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property bubble. they take in this foreign investment every month when india takes in every year and still it only grows two percentage points faster than india. if you think about the quality of chinese growth it's not as impressive as it appears. massive investment. a huge number of airports, high speed rail. if you look at what you're getting out have -- of it in terms of return on investment, not as impressive. china has a huge problem. the u.n. came out with a report that pointed out that china is going to have a demographic clams over the next years. it is going to lose 400 million. there is no point in human history in which you've had a dominant power in the world that is also declining demographically. simply doesn't happen. if you want to see what a country in decline looks like look at japan and ask yourself how powerful is it? china's g.d.p. gets inflated because the cost of a haircut in beijing is less than one in toronto. but g.d.p. depends on foreign aid and oil and international investments and aircraft carriers and for all of that you need real hard currency and that adjus
in new world. it is obvious a lot of cheap products come from abroad whether it is china or india or other places with low-cost labor. the focus on the u.s., it is widely agreed it needs to be on producing skilled workers who need to be able to beat out from around the world. on the repatriation tax holiday issue, the u.s. companies that have expanded overseas now have a lot of money in their overseas accounts. they have made the case to have a tax holiday to bring it back to the u.s. and invest the in u.s. jobs. it is gaining some traction as an idea. one concern is that u.s. companies have quite a bit of cash on their balance sheets at home. they are not using got to go out and create new jobs as much as they could. part of it is they do not see the demand. consumers are not spending as much as they would need to support something like that. there's a lot of cash and use right now. host: what is the rate they are taxed at? guest: the highest tax rates are around 35%. there is discussion of bringing them closer to 25%. the problem is tax rates are spread out so broadly among diff
for. sending jobs to china and india. job say let's protect creators, but there are no jobs. they just keep selling us out and selling us out. host: there is of the work on twitter -- a couple of stories talking about the financial implications of what's going on right now in washington. and a similar story -- let's hear from virginia beach on our independent line, don. caller: good morning. i would like to speak on the last gentleman's comments. i don't understand why people just don't see a the whole system is broken. our political system is broken. all of these congressmen, democrats and republicans, have too many special interests. the lobbyists are the problem. host: you are echoing comments made by -- caller: they talk about our political system in this country as a sham. host: i think we lost him. let's go to a democratic caller in new hampshire, ron. our focus is the balanced budget amendment. is it necessary? caller: i don't believe it is. a matter what kind of numbers you put up there, if we need the money, we're going to print some more. to echo the last couple previous call
, thank you. >>> shocking images from india this morning. a leopard pouncing, fangs bared, on to a man's back. the snarling feline mauled 11 people in a west bengal village sending forestry officials running for their lives. six people are recovering after their injuries after a terrifying standoff could police tranquilize the animal and it died soon after that. matt, savannah, they say in india the leopards are protected but they had a problem of encroaching more and more on villages looking for food. that's a big problem. >> thank, natalie. >> hot. >> absolutely. staying that way. >> you and the weather. >> that's for mhot, al. >> let's see what's happening. we'll show you for today, we do have a risk of strong storms. the front drops down into new england into the northeast but slightly cooler weather, that's good news, from the plains into minnesota. heat continues throughout much of the country. that's what's happening around the u.s. here's what's happening in your neck of the woods. >> and right here it has been hot but now it's going to be very hot today. for the remainder of t
they are in the range of 2.5, whereas merging markets are more in the range of 6.5, some of them such as india and china getting higher marks, so we are facing a turnaround which is very uneven with country's leading the charge and not those that were historic leading the charge and others advanced economies that are lagging behind in a way given the status of development. in the midst of that, we have clearly the two categories different issues to address but if we are to provide service and guidance, advice and recommendations and if and when necessary and if asked support. those are on the one hand the issues of sovereign debt and concerns all advanced economies ranging from japan to the united states, but clearly with a focus as you write about it as we know with a focus on the year autozone and in particular a country such as greece. on the other hand, when we look at emerging markets we have in some corners the risk of overheating, and we obviously have the risk of inflation as well, and sometimes particularly in the low-income countries the risk of imported completion that results from a high pri
produced in india. all the illustrations were electronically created in thailand. and all the books were printed overseas. and the client that in these books were for work four american taxpayers children who go to school every day -- kindergarten through the sixth grade -- for american taxpayers's children go to school. the congress and the senate and they get up there and are so pompous about everything. they outsource all of these american jobs. it is disgraceful what they have done to this country. host: trade agreements are on the table this week in discussion on capitol hill with the house smoke ways and means committee taking a look at three agreements for south korea, colombia, and panama. this is "the wall street journal" this morning with a piece about a program attached to the free trade agreement -- trade assistance administration program. it says -- the story continues inside "the wall street journal." elizabeth williamson reports about how much this costs. we will go to mary who has a job in houston, texas. your thoughts. caller: first of all, where does the president think
deadly they can be, the worst incident took place in november of 1996, over the skies of india, a saudi 747 hit a cargo plane, and 349 people lost their lives. again, miraculously, this crash, no one injured. heather. heather: david lee miller, thank you very much. bill: buy a lottery ticket after that one, don't you. >>> fox news alert, republicans seem to be changing their tune slightly and directing it right at president obama. we just heard from the house speaker john boehner moments ago, saying that the debt limit is his problem, a rather stark statement. also on the senate side, mitch mcconnell said that after years of discussions and months of negotiations, i have little question that as long as this president is in the oval office, a real solution is probably unattainable. now, we're working on both statements, and we'll bring that to you in a moment. first, though, we have the speaker boehner comment from a moment ago. if we have that in a moment, we'll play that in a moment. in the meantime, kirsten powers, rich lowry, rich is editor of the national review and kirsten is a new
or will the leadership pass to china or india or to some other place? this is the great issue confronting the people of the united states, and it's the great issue confronting us here in congress as well. let's get our fiscal house in order. thank you, mr. speaker, and i yield back the balance of my time. the speaker pro tempore: the gentleman from new jersey yields back the balance of his time. the chair recognizes the gentleman from illinois, mr. quigley, for five minutes. mr. quigley: thank you, mr. speaker. mr. speaker, an american president once wrote a letter to the senate majority leader urging him to raise the debt ceiling. the president wrote, "the consequences of a serious prospect of default for the united states is impossible to predict and awesome to contemplate. denegation of the full credit of the united states would have substantial impact on the domestic financial markets and on the value of the dollar in exchange markets." that president's name was ronald reagan and the year was 1983. he closes under the senate majority leader howard baker saying, the risks, the costs, the incalcul
of the constitution that will result to the states india, she should be able to make that claim, and so we told the supreme court take this case even though we lost, so they took the case and in the appointed a private lawyer to argue with the government would have argued in terms of her not having a legal standing, the right to bring the case and then after hearing the oral arguments they wrote an opinion that said that that private lawyer wasn't right for their service, vice versa, but at the end of the day after hearing the argument. >> think about the prosecutor in the perry mason series that he confessed error. there would be no novels, no nothing. [laughter] >> sometimes the courts and the car in the tory area and follow the latter in the supreme court issued but not the spirit, and one of my favorites was in the plaintiffs' court in texas they have some good places to make a living and the court had said the highlight line for punitive damage is $9 of the punitive for every 1 dollar a factual or compensatory damages. so a person who never earned more than maybe a thousand dollars a year
Search Results 0 to 8 of about 9